"We must seek a decent and decisive solution to the Greek incident." After reading the latest news from Germany, Prime Minister of Great Britain and Conservative Stanley Baldwin sighed helplessly at the cabinet meeting, "Otherwise the emotions of the whole Europe will be out of our control. More importantly, in such a turbulent situation in the country, it is really not appropriate to cause trouble."

Everyone nodded in a heavy mood.

The British government controlled by the Conservative Party was in a turmoil at this moment, leading Great Britain to win the war and successfully concluded the Versailles Contract and established the European order. The Liberal Lloyd George retired a year ago. The main reason that prompted him to step down was the domestic economy.

After the war, Britain became a debtor country from a creditor country. Although it successfully obtained a large amount of compensation from Germany, because Germany also faced an economic crisis, it was obvious that the compensation was not obtained. The debts owed to the United States had to be gradually paid off, and cash flow was a big problem.

Originally, the extension of repayment of US debt could be negotiated, but because Lloyd George and French Prime Minister Crimson joined forces to push Americans back to the other side of the Atlantic to maintain the European dominant system, the angry US government refused to even participate in the League of Nations, and of course it would not be compatible in this regard, and would pay whatever it should be. What's more serious is that in the face of the unfavorable economic situation in the UK, Lloyd George believed in the suggestion of traditional economists and adopted austerity therapy, trying to cut spending, compress fiscal, reduce deficits, restore budget balance, and forcefully carry the pound exchange rate.

This is obviously a measure that runs contrary to the actual situation. After the war, Great Britain faced a series of problems such as insufficient work and unemployment of workers. Continuing to tighten the finances can only force the economy to fall into a deeper shrinkage and cause more people to be unemployed. Forced increase the exchange rate of the pound and stick to the gold standard are also subject to speculative arbitrage by international consortiums using gold pricing. They used various financial channels to raise the pound and exchange gold, making it difficult for the Bank of England (Central Bank of Great Britain), which hopes to maintain the gold standard, to deal with it. Gold in the British Isles continues to flow out, while the pound has always been in various departments in the financial system. It seems that there is a lot of money, but it is not used to produce. It has been speculating and profiting from the real to the virtual.

The British government has not considered defaulting or stolen debts to the US, but as long as they dare to do so, the credibility of the pound and British Treasury bonds will be ruined immediately. It is easy to default on a debt, and it is not easy to destroy the national credibility accumulated over centuries in order to default on debts - no politician dares to choose like this.

So Lloyd George had to step down and hand over the position of prime minister to the Conservatives. However, although the Conservatives verbally attacked Lloyd George, the measures they took were similar, and they were nothing more than to send another group to implement them.

There is only one result: the wealthy class, especially the powerful class who holds financial power, is getting richer, and the middle class's deposits and income are beginning to lose (on the surface, the pound has not depreciated, but the asset price has risen rapidly, and its purchasing power has shrunk significantly. Just like a major East Asian country in later generations, it seems that income continues to grow, the exchange rate is stable, and ordinary daily necessities can also be cope with, but housing prices rise like a rocket. Ten years ago, a pair of young people in big cities could barely buy a bedroom for a year, and after 10 years, it was difficult to buy a toilet, and income measured by housing prices continued to fall), while the lower class's risk of becoming extremely poor due to the rising unemployment rate.

After all, Britain has not yet faced the fact that the world's financial center has gradually shifted from London to New York after the end of World War I, and is still struggling in vain rather than going with the flow. On the contrary, countries like Italy have simply used currency depreciation to complete the economic turn. It is not that the British ruling class cannot see the benefits of currency depreciation, but that they are concerned that it will cause a revolutionary storm. Italy with currency depreciation triggered fascist to come to power, and the depreciation of German currency has caused the riot of the National Socialist Party. If Great Britain dares to promote competitive currency depreciation, there will definitely be a revolution and a guillotine waiting for decision makers, so they dare not choose.

This tinkering and at a loss-making policy caused Lloyd George and the Liberal Party to step down, and even the momentum that could have competed with the Conservative Party has been reduced a lot. After Lloyd George stepped down, Andrew Bernal Law and Baldwin became cabinet prime ministers as Conservatives, but the support rate of the Conservative Party was also very low. Lao Lai stepped down after being prime minister for half a year, and Baldwin, the prime minister, may also fall soon. According to the progress, since the House of Commons passed the Cabinet's distrust vote, although the House of Commons rejected it, Baldwin believed that this situation was unsustainable and decided to hold another general election next month. Many public opinion boldly expected that the next prime minister would be the first to be a Labor official, but they didn't know when this day would come.

The decline of the Liberal Party and the sluggish Conservative Party is in sharp contrast to the rise of the British Labor Party. The Labor Party not only clearly proposed to "abolition of private ownership", but also stated that it was necessary to adjust the fiscal expenditure structure and "transfer useless and extravagant military expenditure to people's livelihood". The most obvious thing was to cut the fleet - Labour Party believed that after the German fleet sank, Great Britain had no maritime threat in Europe, and it was not necessary to maintain such a large and very outdated fleet.

Regarding the Greek issue, the Labor Party repeatedly emphasized that the Labor Party was not interested in investing in such a war-a regional war purely because some countries supported the implementation of terrorism. This statement was very popular among the war-weary public. They were really unwilling to donate taxes and sweat for the war. Although Labour leader McDonald did not mention Greece in just a few words, public opinion quickly interpreted this meaning. Many British people couldn't even figure out where Greece was, and they also heard that Greece assassinated an Italian lieutenant general first. Whether based on personal interests or a "simple" sense of justice, they did not think that Great Britain should fight for it, and even believed that Britain should preside over justice and help Italy.

"Don't worry about these Mediterranean barbarians and the others!"

"How long does Italians and Greeks love to fight!"
Chapter completed!